Form 4: Director Richard G. Kyle Reports Acquisition of Phantom Stock Units in Sonoco Products Co

Richard G. Kyle, a director of Sonoco Products Co, reported the acquisition of phantom stock units under the company's directors deferred compensation plan.

Summary

• On April 1, 2025, Richard G. Kyle, a director of Sonoco Products Co, acquired 756.3 phantom stock units.
• These units were accrued under the Sonoco Products Company directors deferred compensation plan.
• The price of the underlying common stock was $47.96.
• Following the transaction, Kyle directly owns 25,556.8 phantom stock units.
• These units will be settled in Sonoco Products Company common stock 6 months after Kyle's retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

The phantom stock units will be settled in Sonoco Products Company common stock 6 months after the reporting person's retirement.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

phantom stock units, director compensation, Form 4, Sonoco Products Co, Richard G. Kyle, beneficial ownership, equity securities